FFL has sold its stake in TriTech to Insight Venture Partners. No financial terms were disclosed. Based in San Diego, TriTech is a provider of public safety software solutions.
SAN FRANCISCO—November 21, 2014— FFL, a private equity firm focused on growth investments in middle market companies, today announced that it has completed the sale of its investment in TriTech Software Systems (“TriTech” or the “Company”), a leading provider of Public Safety software solutions, to Insight Venture Partners. Terms of the private transaction were not disclosed.
Based in San Diego, California, TriTech provides innovative, comprehensive public safety solutions for law enforcement, fire and EMS agencies through its integrated suite of public safety applications. TriTech is one of the largest public safety solution providers in the world with clients across the United States, Canada, Australia, New Zealand, Singapore, United Kingdom and Ireland.
“FFL was an excellent partner, and the financial and operational resources they provided helped TriTech execute on our vision for growth,” said Chris Maloney, President and Chief Executive Officer of TriTech Software Systems. “Our partnership with FFL strengthened our market presence, technology, and personnel to extend our industry leadership.”
During its investment, FFL’s team worked closely with TriTech’s management to enhance the Company’s leadership team and product portfolio. They helped implement a number of process improvements including refinements in sales, customer support, and engineering. Also in this period, TriTech completed the strategic acquisitions of VisionAIR Inc. and 911, Inc. which added more than 500 customer relationships and valuable technology capabilities. Together, these and other initiatives led to significant revenue and bookings growth for the Company.
“We’re proud to have played a part in strengthening TriTech’s market leadership and positioning the Company for continued success with their new investor,” said Chris Harris, Director of FFL.
“We are pleased that our partnership with TriTech has produced such a great outcome for our investors and our management partners,” added Chris Masto, Senior Managing Director of FFL.
FFL is a San Francisco-based US middle market private equity firm. For over fifteen years, the firm has helped build industry-leading companies, providing capital and advice to exceptional management teams to grow businesses and unlock value. FFL has deep experience in investing and operations, and has brought large-company best practices and professional networks to smaller companies. Business growth has provided over 75% of the value created by FFL for its investors. FFL has $2.6 billion under management, and invests in consumer products and services, financial services, healthcare services, and business services. For more information, visit www.fflpartners.com.
About TriTech Software Systems
TriTech Software Systems has been developing innovative solutions for public safety for more than 20 years. The company provides products and services to address any size and type agency with an end-to-end product suite to meet the needs of any agency – PSAP, Law, Fire, or EMS.
TriTech Software Systems’ sole focus is public safety software. The company’s experienced team contributes on average, 13 years of industry experience. TriTech has delivered the most trusted public safety software for over two decades and continues to lead the market with innovative, enterprise-wide cloud-based and on-premise solutions for 9-1-1, computer aided dispatch, records management, jail management, analytics and intelligence, field-based reporting, patient care reporting, and ambulance billing software.
For the best end-to-end integrated solution with unparalleled workflow, join the 2,700+ agency installations serving over 240 million citizens across 7 countries who rely on one company – TriTech Software Systems.